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Bank of New England Corp. said it has held talks with
potential merger partners outside New England, although 
it added that nothing is imminent and it hasn't received 
any formal offers. The discussions were disclosed as the 
bank holding company said that it has dropped its 
longstanding opposition to full interstate banking bills 
in Connecticut and in Massachusetts. Later yesterday, 
a Massachusetts senate committee approved a bill to allow 
national interstate banking by banks in the state beginning 
in 1991. Currently, both Massachusetts and Connecticut, 
where most of Bank of New England's operations are, allow 
interstate banking only within New England. Richard Driscoll, 
vice chairman of Bank of New England, told 
the Dow Jones Professional Investor Report, 
`` Certainly, there are those outside the region who think 
of us prospectively as a good partner. 
We have, and I 'm sure others have, considered 
what our options are, and we've had conversations 
with people who in the future might prove 
to be interesting partners. '' He added, `` There's nothing very hot. '' 
Mr. Driscoll didn't elaborate about who the potential partners were 
or when the talks were held. A bank spokeswoman also declined to 
comment on any merger-related matters, but said the company decided 
to drop its opposition to the interstate banking legislation because 
`` prevailing sentiment is in favor of passage. '' 
Bank of New England has been hit hard by the region's real-estate slump, 
with its net income declining 42 % to $121.6 million, or 
61 cents a share, in the first nine months of 1989 from 
the year-earlier period. The company recently said it would sell 
some operations and lay off 4 % of its work force, altogether 
reducing employment to less than 16,000 from about 18,000. 
It recently signed a preliminary agreement to negotiate exclusively 
with the Bank of Tokyo Ltd. for the sale of part of its leasing business 
to the Japanese bank.
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    <desc id="709" len="7" off="1924">leasing</desc>
    <desc id="711" len="8" off="1932">business</desc>
    <desc id="713" len="2" off="1942">to</desc>
    <desc id="715" len="3" off="1945">the</desc>
    <desc id="717" len="8" off="1949">Japanese</desc>
    <desc id="719" len="4" off="1958">bank</desc>
    <desc id="721" len="1" off="1962">.</desc>
  </rep>
  <rep id="edu.mit.discourse.rep.refexp">
    <desc id="1243" len="25" off="0">2~4~6~8~10</desc>
    <desc id="1244" len="2" off="31">14</desc>
    <desc id="1245" len="5" off="43">20</desc>
    <desc id="1246" len="25" off="54">24~26~28</desc>
    <desc id="1247" len="11" off="88">32~34</desc>
    <desc id="1248" len="2" off="111">40</desc>
    <desc id="1249" len="7" off="125">46</desc>
    <desc id="1250" len="2" off="149">54</desc>
    <desc id="1251" len="17" off="169">62~64~66</desc>
    <desc id="1252" len="15" off="188">71~73</desc>
    <desc id="1253" len="25" off="222">81~83~85~87</desc>
    <desc id="1254" len="2" off="258">93</desc>
    <desc id="1255" len="3" off="273">99</desc>
    <desc id="1256" len="61" off="273">99~101~103~105~107~109~111~113</desc>
    <desc id="1257" len="29" off="305">107~109~111~113</desc>
    <desc id="1258" len="11" off="339">117</desc>
    <desc id="1259" len="13" off="358">123</desc>
    <desc id="1260" len="9" off="379">130</desc>
    <desc id="1261" len="32" off="391">134~136~138~140</desc>
    <desc id="1262" len="6" off="433">144~146</desc>
    <desc id="1263" len="27" off="450">152~154~156</desc>
    <desc id="1264" len="5" off="481">160</desc>
    <desc id="1265" len="9" off="490">164~166</desc>
    <desc id="1266" len="4" off="514">172</desc>
    <desc id="1267" len="34" off="531">181~183~185~187</desc>
    <desc id="1268" len="13" off="536">183</desc>
    <desc id="1269" len="11" off="554">187</desc>
    <desc id="1270" len="5" off="568">191</desc>
    <desc id="1271" len="40" off="574">193~195~197~199~201~203~205~207</desc>
    <desc id="1272" len="19" off="582">197~199~201~203</desc>
    <desc id="1273" len="18" off="627">215~217</desc>
    <desc id="1274" len="11" off="658">223~225</desc>
    <desc id="1275" len="55" off="671">230~232~234~236~238~240~242~244~246~248</desc>
    <desc id="1276" len="19" off="707">242~244~246~248</desc>
    <desc id="1277" len="42" off="734">254~256~258~260~262~264</desc>
    <desc id="1278" len="10" off="817">282~284</desc>
    <desc id="1279" len="2" off="842">292</desc>
    <desc id="1280" len="14" off="862">298~300~302</desc>
    <desc id="1281" len="2" off="879">307</desc>
    <desc id="1282" len="1" off="892">315</desc>
    <desc id="1283" len="6" off="902">321</desc>
    <desc id="1284" len="3" off="932">331</desc>
    <desc id="1285" len="11" off="932">331~333</desc>
    <desc id="1286" len="2" off="953">341</desc>
    <desc id="1287" len="13" off="963">347</desc>
    <desc id="1288" len="6" off="983">351</desc>
    <desc id="1289" len="10" off="997">357~359</desc>
    <desc id="1290" len="20" off="1027">369~371</desc>
    <desc id="1291" len="2" off="1052">378</desc>
    <desc id="1292" len="12" off="1095">401~403</desc>
    <desc id="1293" len="22" off="1135">415~417~419</desc>
    <desc id="1294" len="9" off="1172">427~429</desc>
    <desc id="1295" len="18" off="1193">438~440~442</desc>
    <desc id="1296" len="26" off="1241">454~456~458</desc>
    <desc id="1297" len="11" off="1278">466~468</desc>
    <desc id="1298" len="3" off="1307">476</desc>
    <desc id="1299" len="14" off="1307">476~478</desc>
    <desc id="1300" len="34" off="1325">482~484~486~488</desc>
    <desc id="1301" len="20" off="1372">494~496</desc>
    <desc id="1302" len="7" off="1408">506</desc>
    <desc id="1303" len="19" off="1421">513~515~517~519</desc>
    <desc id="1304" len="30" off="1462">531~533~535~537~539</desc>
    <desc id="1305" len="6" off="1466">533</desc>
    <desc id="1306" len="3" off="1500">545</desc>
    <desc id="1307" len="14" off="1500">545~547~549</desc>
    <desc id="1308" len="4" off="1525">553~555</desc>
    <desc id="1309" len="14" off="1533">559~561~563</desc>
    <desc id="1310" len="16" off="1553">569~571~573~575</desc>
    <desc id="1311" len="29" off="1574">581~583~585~587~589~591</desc>
    <desc id="1312" len="4" off="1599">591</desc>
    <desc id="1313" len="23" off="1610">595~597~599</desc>
    <desc id="1314" len="11" off="1635">604~606</desc>
    <desc id="1315" len="2" off="1661">612</desc>
    <desc id="1316" len="15" off="1676">618~620</desc>
    <desc id="1317" len="21" off="1704">628~630~632~634~636~638</desc>
    <desc id="1318" len="3" off="1711">634</desc>
    <desc id="1319" len="14" off="1711">634~636~638</desc>
    <desc id="1320" len="10" off="1748">646</desc>
    <desc id="1321" len="16" off="1762">650~652~654</desc>
    <desc id="1322" len="12" off="1784">658~660</desc>
    <desc id="1323" len="2" off="1799">665</desc>
    <desc id="1324" len="23" off="1818">671~673~675</desc>
    <desc id="1325" len="22" off="1873">685~687~689~691~693</desc>
    <desc id="1326" len="40" off="1900">697~699~701~703~705~707~709~711</desc>
    <desc id="1327" len="28" off="1912">703~705~707~709~711</desc>
    <desc id="1328" len="3" off="1920">707</desc>
    <desc id="1329" len="20" off="1920">707~709~711</desc>
    <desc id="1330" len="17" off="1945">715~717~719</desc>
  </rep>
  <rep id="edu.mit.discourse.rep.coref">
    <desc id="1331" len="1923" off="0">Bank of New England Corp.|1243,1244,1248,1250,1253,1254,1255,1272,1276,1279,1281,1284,1286,1297,1298,1303,1314,1315,1318,1323,1328</desc>
    <desc id="1332" len="1138" off="43">talks|1245,1252,1287,1294</desc>
    <desc id="1333" len="25" off="54">potential merger partners|1246</desc>
    <desc id="1334" len="1415" off="88">New England|1247,1278,1305,1306</desc>
    <desc id="1335" len="7" off="125">nothing|1249</desc>
    <desc id="1336" len="17" off="169">any formal offers|1251</desc>
    <desc id="1337" len="61" off="273">its longstanding opposition to full interstate banking bills|1256</desc>
    <desc id="1338" len="1054" off="305">full interstate banking bills|1257,1300</desc>
    <desc id="1339" len="226" off="339">Connecticut|1258,1269</desc>
    <desc id="1340" len="191" off="358">Massachusetts|1259,1265,1268</desc>
    <desc id="1341" len="9" off="379">yesterday|1260</desc>
    <desc id="1342" len="32" off="391">a Massachusetts senate committee|1261</desc>
    <desc id="1343" len="6" off="433">a bill|1262</desc>
    <desc id="1344" len="27" off="450">national interstate banking|1263</desc>
    <desc id="1345" len="5" off="481">banks|1264</desc>
    <desc id="1346" len="4" off="514">1991|1266</desc>
    <desc id="1347" len="42" off="531">both Massachusetts and Connecticut|1267,1270</desc>
    <desc id="1348" len="40" off="574">most of Bank of New England's operations|1271</desc>
    <desc id="1349" len="18" off="627">interstate banking|1273</desc>
    <desc id="1350" len="11" off="658">New England|1274</desc>
    <desc id="1351" len="436" off="671">Richard Driscoll|1275,1282,1291,1292</desc>
    <desc id="1352" len="42" off="734">the Dow Jones Professional Investor Report|1277</desc>
    <desc id="1353" len="14" off="862">a good partner|1280</desc>
    <desc id="1354" len="6" off="902">others|1283</desc>
    <desc id="1355" len="11" off="932">our options|1285</desc>
    <desc id="1356" len="174" off="983">people|1288,1293</desc>
    <desc id="1357" len="10" off="997">the future|1289</desc>
    <desc id="1358" len="20" off="1027">interesting partners|1290</desc>
    <desc id="1359" len="18" off="1193">A bank spokeswoman|1295</desc>
    <desc id="1360" len="26" off="1241">any merger-related matters|1296</desc>
    <desc id="1361" len="14" off="1307">its opposition|1299</desc>
    <desc id="1362" len="20" off="1372">prevailing sentiment|1301</desc>
    <desc id="1363" len="7" off="1408">passage|1302</desc>
    <desc id="1364" len="30" off="1462">the region's real-estate slump|1304</desc>
    <desc id="1365" len="14" off="1500">its net income|1307</desc>
    <desc id="1366" len="4" off="1525">42 %|1308</desc>
    <desc id="1367" len="14" off="1533">$121.6 million|1309</desc>
    <desc id="1368" len="16" off="1553">61 cents a share|1310</desc>
    <desc id="1369" len="29" off="1574">the first nine months of 1989|1311</desc>
    <desc id="1370" len="4" off="1599">1989|1312</desc>
    <desc id="1371" len="23" off="1610">the year-earlier period|1313</desc>
    <desc id="1372" len="15" off="1676">some operations|1316</desc>
    <desc id="1373" len="21" off="1704">4 % of its work force|1317</desc>
    <desc id="1374" len="14" off="1711">its work force|1319</desc>
    <desc id="1375" len="10" off="1748">employment|1320</desc>
    <desc id="1376" len="16" off="1762">less than 16,000|1321</desc>
    <desc id="1377" len="12" off="1784">about 18,000|1322</desc>
    <desc id="1378" len="23" off="1818">a preliminary agreement|1324</desc>
    <desc id="1379" len="22" off="1873">the Bank of Tokyo Ltd.|1325</desc>
    <desc id="1380" len="40" off="1900">the sale of part of its leasing business|1326</desc>
    <desc id="1381" len="28" off="1912">part of its leasing business|1327</desc>
    <desc id="1382" len="20" off="1920">its leasing business|1329</desc>
    <desc id="1383" len="17" off="1945">the Japanese bank|1330</desc>
  </rep>
  <rep id="es.ucm.nil.indication.rep.indication">
    <desc id="1384" len="25" off="0">1243|NUC:DIST:2~4~6~8~10</desc>
    <desc id="1385" len="2" off="31">1244|NUC:DIST:14</desc>
    <desc id="1386" len="5" off="43">1245|NUC:DIST:20</desc>
    <desc id="1387" len="25" off="54">1246|MOD:DIST:24|MOD:DIST:26|NUC:DIST:28</desc>
    <desc id="1388" len="11" off="88">1247|NUC:DIST:32~34</desc>
    <desc id="1389" len="2" off="111">1248|NUC:DIST:40</desc>
    <desc id="1390" len="7" off="125">1249|NUC:DIST:46</desc>
    <desc id="1391" len="2" off="149">1250|NUC:DIST:54</desc>
    <desc id="1392" len="17" off="169">1251|MOD:DIST:62|MOD:DIST:64|NUC:DIST:66</desc>
    <desc id="1393" len="15" off="188">1252|MOD:DIST:71|NUC:DIST:73</desc>
    <desc id="1394" len="25" off="222">1253|MOD:DIST:81|MOD:DESC:83~85|NUC:DIST:87</desc>
    <desc id="1395" len="2" off="258">1254|NUC:DIST:93</desc>
    <desc id="1396" len="3" off="273">1255|NUC:DIST:99</desc>
    <desc id="1397" len="61" off="273">1256|MOD:DIST:99|MOD:DESC:101|NUC:DIST:103|MOD:DIST:105~107~109~111~113</desc>
    <desc id="1398" len="29" off="305">1257|MOD:DIST:107|MOD:DIST:109|MOD:DIST:111|NUC:DIST:113</desc>
    <desc id="1399" len="11" off="339">1258|NUC:DIST:117</desc>
    <desc id="1400" len="13" off="358">1259|NUC:DIST:123</desc>
    <desc id="1401" len="9" off="379">1260|NUC:DIST:130</desc>
    <desc id="1402" len="32" off="391">1261|MOD:DIST:134|MOD:DIST:136|MOD:DIST:138|NUC:DIST:140</desc>
    <desc id="1403" len="6" off="433">1262|MOD:DIST:144|NUC:DIST:146</desc>
    <desc id="1404" len="27" off="450">1263|MOD:DIST:152|MOD:DIST:154|NUC:DIST:156</desc>
    <desc id="1405" len="5" off="481">1264|NUC:DIST:160</desc>
    <desc id="1406" len="9" off="490">1265|MOD:DIST:164|NUC:DIST:166</desc>
    <desc id="1407" len="4" off="514">1266|NUC:DIST:172</desc>
    <desc id="1408" len="34" off="531">1267|MOD:DESC:181|NUC:DIST:183~185~187</desc>
    <desc id="1409" len="13" off="536">1268|NUC:DIST:183</desc>
    <desc id="1410" len="11" off="554">1269|NUC:DIST:187</desc>
    <desc id="1411" len="5" off="568">1270|NUC:DIST:191</desc>
    <desc id="1412" len="40" off="574">1271|MOD:DIST:193~195|MOD:DIST:197~199~201~203~205|NUC:DIST:207</desc>
    <desc id="1413" len="19" off="582">1272|NUC:DIST:197~199~201~203</desc>
    <desc id="1414" len="18" off="627">1273|MOD:DIST:215|NUC:DIST:217</desc>
    <desc id="1415" len="11" off="658">1274|NUC:DIST:223~225</desc>
    <desc id="1416" len="55" off="671">1275|NUC:DIST:230~232|MOD:DESC:236~238~240~242~244~246~248</desc>
    <desc id="1417" len="19" off="707">1276|NUC:DIST:242~244~246~248</desc>
    <desc id="1418" len="42" off="734">1277|MOD:DIST:254|NUC:DIST:256~258~260~262~264</desc>
    <desc id="1419" len="10" off="817">1278|MOD:DIST:282|NUC:DIST:284</desc>
    <desc id="1420" len="2" off="842">1279|NUC:DIST:292</desc>
    <desc id="1421" len="14" off="862">1280|MOD:DIST:298|MOD:DIST:300|NUC:DIST:302</desc>
    <desc id="1422" len="2" off="879">1281|NUC:DIST:307</desc>
    <desc id="1423" len="1" off="892">1282|NUC:DIST:315</desc>
    <desc id="1424" len="6" off="902">1283|NUC:DIST:321</desc>
    <desc id="1425" len="3" off="932">1284|NUC:DIST:331</desc>
    <desc id="1426" len="11" off="932">1285|MOD:DIST:331|NUC:DIST:333</desc>
    <desc id="1427" len="2" off="953">1286|NUC:DIST:341</desc>
    <desc id="1428" len="13" off="963">1287|NUC:DESC:347</desc>
    <desc id="1429" len="6" off="983">1288|NUC:DIST:351</desc>
    <desc id="1430" len="10" off="997">1289|MOD:DIST:357|NUC:DIST:359</desc>
    <desc id="1431" len="20" off="1027">1290|MOD:DESC:369|NUC:DIST:371</desc>
    <desc id="1432" len="2" off="1052">1291|NUC:DIST:378</desc>
    <desc id="1433" len="12" off="1095">1292|MOD:DIST:401|NUC:DIST:403</desc>
    <desc id="1434" len="22" off="1135">1293|MOD:DIST:415|MOD:DIST:417|NUC:DIST:419</desc>
    <desc id="1435" len="9" off="1172">1294|MOD:DIST:427|NUC:DIST:429</desc>
    <desc id="1436" len="18" off="1193">1295|MOD:DIST:438|MOD:DESC:440|NUC:DIST:442</desc>
    <desc id="1437" len="26" off="1241">1296|MOD:DIST:454|MOD:DIST:456|NUC:DIST:458</desc>
    <desc id="1438" len="11" off="1278">1297|MOD:DIST:466|NUC:DIST:468</desc>
    <desc id="1439" len="3" off="1307">1298|NUC:DIST:476</desc>
    <desc id="1440" len="14" off="1307">1299|MOD:DIST:476|NUC:DIST:478</desc>
    <desc id="1441" len="34" off="1325">1300|MOD:DIST:482|MOD:DESC:484|MOD:DESC:486|NUC:DIST:488</desc>
    <desc id="1442" len="20" off="1372">1301|MOD:DIST:494|NUC:DIST:496</desc>
    <desc id="1443" len="7" off="1408">1302|NUC:DIST:506</desc>
    <desc id="1444" len="19" off="1421">1303|NUC:DIST:513~515~517~519</desc>
    <desc id="1445" len="30" off="1462">1304|MOD:DIST:531|MOD:DIST:533~535|MOD:DIST:537|NUC:DESC:539</desc>
    <desc id="1446" len="6" off="1466">1305|NUC:DIST:533</desc>
    <desc id="1447" len="3" off="1500">1306|NUC:DIST:545</desc>
    <desc id="1448" len="14" off="1500">1307|MOD:DESC:545|MOD:DIST:547|NUC:DIST:549</desc>
    <desc id="1449" len="4" off="1525">1308|NUC:DIST:553~555</desc>
    <desc id="1450" len="14" off="1533">1309|NUC:DIST:559~561~563</desc>
    <desc id="1451" len="16" off="1553">1310|MOD:DIST:569|NUC:DIST:571|MOD:DIST:573~575</desc>
    <desc id="1452" len="29" off="1574">1311|MOD:DIST:581|MOD:DIST:583|MOD:DIST:585|NUC:DIST:587|MOD:DIST:589~591</desc>
    <desc id="1453" len="4" off="1599">1312|NUC:DIST:591</desc>
    <desc id="1454" len="23" off="1610">1313|MOD:DIST:595|MOD:DIST:597|NUC:DIST:599</desc>
    <desc id="1455" len="11" off="1635">1314|MOD:DIST:604|NUC:DIST:606</desc>
    <desc id="1456" len="2" off="1661">1315|NUC:DIST:612</desc>
    <desc id="1457" len="15" off="1676">1316|MOD:DIST:618|NUC:DIST:620</desc>
    <desc id="1458" len="21" off="1704">1317|NUC:DIST:628~630|MOD:DIST:632~634~636~638</desc>
    <desc id="1459" len="3" off="1711">1318|NUC:DIST:634</desc>
    <desc id="1460" len="14" off="1711">1319|MOD:DIST:634|MOD:DESC:636|NUC:DIST:638</desc>
    <desc id="1461" len="10" off="1748">1320|NUC:DIST:646</desc>
    <desc id="1462" len="16" off="1762">1321|MOD:DIST:650~652|NUC:DIST:654</desc>
    <desc id="1463" len="12" off="1784">1322|MOD:DIST:658|NUC:DIST:660</desc>
    <desc id="1464" len="2" off="1799">1323|NUC:DIST:665</desc>
    <desc id="1465" len="23" off="1818">1324|MOD:DIST:671|MOD:DIST:673|NUC:DIST:675</desc>
    <desc id="1466" len="22" off="1873">1325|MOD:DIST:685|NUC:DIST:687~689~691~693</desc>
    <desc id="1467" len="40" off="1900">1326|MOD:DIST:697|NUC:DIST:699|MOD:DIST:701~703~705~707~709~711</desc>
    <desc id="1468" len="28" off="1912">1327|NUC:DIST:703|MOD:DIST:705~707~709~711</desc>
    <desc id="1469" len="3" off="1920">1328|NUC:DIST:707</desc>
    <desc id="1470" len="20" off="1920">1329|MOD:DIST:707|MOD:DIST:709|NUC:DIST:711</desc>
    <desc id="1471" len="17" off="1945">1330|MOD:DIST:715|MOD:DESC:717|NUC:DIST:719</desc>
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</story>
